Comments on: Biggest Lesson From The Great Depression

By: shirley

shirley — Sat, 20 Dec 2008 05:20:08 +0000

how is it that “good monetary policy is unlikely to accelerate the speed of economic growth”

By: madhumita

madhumita — Sat, 20 Dec 2008 05:19:34 +0000

The economic development of a country is largely dependent on the monetory policy of the country.A good monetary policy may not accelerate the economic growth of the country but a bad policy may derail the economic development.
madhumita G.
UGC Academic Staff College.
Mumbai University,Dec.,’08.

By: Anakshi

Anakshi — Sat, 01 Nov 2008 20:26:52 +0000

Hi Sujoy !your example of”MASALA DOSA INDEX”is really a nice one .As we all are concerned with rising cost of living leading to heavy fall in the value of money has become a issue of concern for the masses.still the rate of inflation in India holds double digit figure ,recently it has reduced significantly from a high of 13%.

By: vignesh

vignesh — Tue, 21 Oct 2008 17:57:14 +0000

The politicians are trying to coy the issue by not giving the intricate details.But the situation is very conspicuous.The cabinet should capitalize and find the alternative path for the recession in India other than relying on the american move.We have lot of fruitful path and the one in the forefront is the infrastructure development.I would like to suggest the FDR`s policy for the Indian retrenchment,where we can find a lot of opportunities for youngsters to have their pie.Lets pray that the politicians shall not play the vintage politics at this time and use the mud-slinging strategies to evade away as a scapegoat.

By: Sudipta Bhawmik

Sudipta Bhawmik — Wed, 08 Oct 2008 19:08:05 +0000

Now let’s see what Neel Kashkari can do to get things right. The entire world is looking at him.

By: rahul

rahul — Wed, 08 Oct 2008 07:24:21 +0000

a question to all the economists out there..how will this Great depression redux pan out.and I-banking as we know would change much? ..personally I don’t think so..coz these institutions existed because these was a section of people who wanted returns way more than any index could provide and those will always be there..if not lehmann then some other bank(hedge funds now they are saying will take their place)

By: Prats

Prats — Tue, 07 Oct 2008 20:10:32 +0000

A very good read!!!

By: K.R.Athiyaman

K.R.Athiyaman — Tue, 07 Oct 2008 06:13:13 +0000

Suppose if stringent lending norms, debt equity ratios, etc are
imposed in US from the beginning (like our RBI norms to Indians Banks)
and if US govt had very reduced and rational deficts ; and suppose if
US dollar is not the reserve currecy of the world ; and if Asian
central banks and all other investors in US T-bills had not lent so
much trillions to US to fund its massive deficts and spending sprees
(then US dollar value would have been terribly low).. and if
levereaging ratios of some 1 : 30 (Lehman Brothers) was legally banned
and pegged at some ‘rational’ level like our Capital Adequecy norms
for banks, etc…

if these had happened, how would the present scenrio be ? and the crisis ?

and the accusation that this is the crisis if capitalism seems
sweeping and distorted. first of all US financial polices are
certainly not capitalism or real free markets.

By: Sujoy

Sujoy — Tue, 07 Oct 2008 01:44:08 +0000

Masala Dosa Index
=================

The parody of modern economics is money should act as measure of goods/services but today we use goods/services to measure the value of money

10 years back a Masala Dosa used to cost Rs.14 today the same masala dosa in the same hotel costs Rs.30. Value of masala dosa has not changed, one is good enough for keeping hunger at bay for 6 hours.

In South India the best measure of value of money is Masala Dosa Index, in North India we can use Alu Paratha Index to measure value of money.

By: Nikhil Narayanan

Nikhil Narayanan — Mon, 06 Oct 2008 09:15:42 +0000

Interesting read.

-Nikhil